Domestic insurer to pump in huge funds in the market

With the domestic insurers plans to pump in huge funds into the market, leaving away the foreign investment.

Apnainsurance.com Research Bureau

12 May 2008

The Indian stock market can
expect a huge in flow of funds from the Indian insurance industry. It is being estimated
that around 40 domestic insurers will increase their equity exposure to around Rs.
70,000 cores up 10-15 per cent in the current fiscal.

Life Insurance
Corporation (LIC) known to be the largest and most influential capital market
institutions has kept aside, a fund of Rs. 33, 000 crore which is estimated to
be more than last fiscal by 10 per cent.

Funds for investment are expected to come from
unit-linked-plans (ULIP) which accounts for almost 80 per cent of the life
insurance premium collected in India.

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